Martek Biosciences, State Bancorp

MichaelBaron

Advancers

Anixter International Inc.
AXE, -1.71%
shares ended Tuesday's session with a 5.8% gain after the company reported fourth-quarter earnings of $20.1 million, or 49 cents a share, down from a year-ago profit of $25.6 million, or 64 cents a share. The latest results include an income tax provision of $7.7 million, or 19 cents a share, related to the repatriation of foreign earnings. Sales leapt 21% at the Glenview, Ill., distributor of communications products in the latest three months to $1.03 billion from $848.3 million in the same period a year earlier. The average estimate of analysts polled by Thomson First Call was for a profit of 59 cents a share on revenue of $986.2 million in the December period.

Shares of Archer-Daniels Midland Co.
ADM, -0.11%
surged 9.6% after the company said second-quarter net income rose 17% to $368 million, or 56 cents a share, including a $36 million tax gain, a $31 million impairment charge and $15 million in severance costs. In the same period a year ago, the company benefited from a $45 million gain from the sale of its Tate & Lyle interest. Sales for the period rose 2% to $9.3 billion. The average forecast of analysts polled by Thomson First Call was for earnings of 42 cents a share, excluding items. See full story.

ATG Inc.
ARTG
shares jumped 18.6% after the Cambridge, Mass., e-commerce software company posted a fourth-quarter profit of $3.2 million, or 3 cents a share, up from a year-ago loss of $3.6 million, or 4 cents a share. Revenue rose 25% in the latest three months to $25.7 million from $20.6 million in the same period a year earlier. The average estimate of two analysts polled by Thomson First Call was for a profit of 2 cents a share in the December period. Looking ahead, ATG forecast revenue of between $97 million and $105 million for fiscal 2006, ahead of Wall Street's current consensus estimate for revenue of $96.6 million.

Atheros Communications Inc.
ATHR
shares rallied 19.8% after the company posted fourth-quarter earnings of $13.1 million, or 24 cents a share, vs. $2.2 million, or 4 cents a share, last year. Excluding certain items, the company earned 11 cents a share vs. 5 cents a year ago. Revenue rose 27%, to $53.1 million from $41.7 million. Analysts polled by Thomson First Call had forecast earnings of 7 cents a share on revenue of $52 million.

Corinthian Colleges Inc.
COCO, -0.45%
stock tacked on 5.4% after the company reported second-quarter net income of $10.7 million, or 12 cents a share, down from $20.4 million, or 22 cents a share, pressured in part by the expenses of a divestiture. Revenue fell to $244.5 million in the latest three months from $246.8 million in the same period a year earlier.

Diebold Inc.
DBD, -3.42%
shares added 5.7% after the company reported fourth-quarter earnings of $14.6 million, or 21 cents a share, down from $62.8 million, or 87 cents a share in the year-earlier period. Excluding non-recurring items, earnings would have been 65 cents a share, matching the average analyst estimate compiled by Thomson First Call. Revenue rose to $817.6 million from last year's $711.6 million. For 2006, the security systems company expects earnings excluding non-recurring items of $1.75 to $1.90 a share, vs. analyst projections of $1.92 a share, and revenue to be flat to up 2%.

Haemonetics Corp.
HAE, -1.06%
shares soared 17.2% after the company reported third-quarter net income of $28.1 million, or $1.02 a share, up 155% from $11 million, or 42 cents a share, in the year-ago period. Revenue rose 7.7% to $106 million. The latest quarter included an arbitration award of 61 cents a share and an impairment charge of 9 cents a share for an intangible asset related to pathogen reduction. A survey of analysts by Thomson First Call forecast earnings of 45 cents a share. The company raised its annual profit estimate to a range of $2.44 to $2.51 a share, including the unusual items, and affirmed its other annual guidance of gross and operating margin improvement, and operating income growth of approximately 20%.

Harte-Hanks Communications Inc.
HHS, +0.33%
shares gained 9.4% after the company reported fourth-quarter earnings of $31.4 million, or 38 cents a share, up from $27.6 million, or 32 cents a share in the year-earlier period, and above the average analyst estimate compiled by Thomson First Call of 35 cents a share. Revenue rose 8.5% to $301 million from last year's $277.5 million, topping analyst forecasts of $296.8 million. The targeted marketing company sees 2006 earnings growing in the high single-digit percentage range or better. The company added that it will begin expensing stock options in 2006, which should reduce earnings by 6 to 7 cents a share.

Huntsman Corp.
HUN, +0.56%
shares surged 11.4% following a report in The Wall Street Journal that said the chemicals company is up for sale. Buyout firm Apollo Management, according to the report, is interested in the company.

Shares of Imperial Sugar Co.
IPSU
rocketed higher by 27.8% after the company reported fourth-quarter net income of $12 million, or $1.08 a share, compared with net income of $6.5 million, or 59 cents a share, reported a year ago. From continuing operations and including $100,000 in pre-tax losses from asset sales, Imperial earned $11.1 million, or $1 a share. Domestic sugar volumes and prices increased 7% and 9.3%, respectively, in the quarter. Sales to industrial and foodservice customers drove the improvement in volumes, Imperial said.

Interactive Intelligence Inc.
ININ
shares rallied 28.2% after the Indianapolis-based developer of business communications software posted fourth-quarter earnings of $1.8 million, or 10 cents a share, up from a year-ago profit of $514,000, or 3 cents a share. Revenue rose 22% in the latest three months to $17.5 million from $14.4 million in the same period a year earlier. The average estimate of three analysts polled by Thomson First Call was for a profit of 4 cents a share in the December period. The news garnered the company an upgrade from Raymond James to strong buy.

Martek Biosciences Corp.
MATK
stock ended the session higher by 18.6% after Merrill Lynch raised its rating on the Columbia, Md., maker of microalgae-derived products to neutral from sell. The firm cited valuation, saying it believes the current price "better reflects the intrinsic value of the core infant formula business and a risk-adjusted value for the food business." Martek's products include specialty nutritional oils for infant formula as well as nutritional supplements and food ingredients. Merrill thinks the next catalysts for the stock would be food deal announcements or food product launches, and that either of these events could boost the shares.

Nuvelo Inc.
NUVO
stock tacked on 7% after the company priced a secondary public offering of 6.5 million common shares at $16 each. The company pegged gross proceeds from the offering at about $104 million.

Pacific Ethanol Inc.
PEIX, -4.93%
shares rocketed higher by 28.6% after the company received commitments for up to $34 million in debt financing from Hudson United Bank and Comerica Bank. The company plans to use the funding for construction of its ethanol production plant in Madera County, Calif. The plant is already under construction and Pacific Ethanol anticipates it will begin operations in the fourth quarter of 2006.

Shares of Sepracor Inc.
SEPR
jumped 17.6% after the company swung to a fourth-quarter profit of $37.2 million, or 32 cents a share, with revenue soaring to $311 million from $131 million, on sales of Xopenex and Lunesta medications. It's guiding toward earnings of $1.50 a share on revenue of $1.275 billion in 2006. Analysts were looking for earnings of 5 cents a share in the fourth quarter and $1.26 for 2006, according to Thomson First Call figures.

Decliners

Comstock Homebuilding Cos.
CHCI, -2.99%
shares ended Tuesday down 14.6% after the company cut its fiscal 2005 earnings outlook. The homebuilder reported new orders that came in below analysts' expectations and said cancellation rates rose. Analysts at Banc of America Securities in a research note Tuesday cut their target price on shares of Comstock to $11 a share from $15.

Shares of GlobeTel Communications Corp.
GTE, +0.57%
fell 14.6% after the Fort Lauderdale, Fla., provider of both telecommunications and financial services said it's extended the payment deadline related to LLC Internafta, its partner in a proposed wireless joint venture in Russia, by 30 days. The company said the additional time was needed in order for bankers and lawyers on both sides to continue to work on the structure of the transaction. In a Jan. 9 press release, GlobeTel described LLC Internafta as a "private Russian special purpose corporations formed by a group of wealthy Russian investors" in order to work with it on this venture.

Goodyear Tire & Rubber Co.
GT, -1.16%
stock gave back 16.6% after the company warned that raw-material costs will hit its bottom line harder than it had expected. See full story.

Shares of ICU Medical Inc.
ICUI, -0.52%
shed 9.9% after the San Clemente, Calif., maker of disposable medical connection systems posted a profit for its fiscal fourth quarter that beat Wall Street's consensus view by a nickel but its revenue total fell short of the analysts' estimate. ICU reported earnings of $5.3 million, or 35 cents a share, in the fourth quarter on revenue of $43.2 million. The average estimate of analysts polled by Thomson First Call was for a profit of 30 cents a share on revenue of $45 million in the December period.

IHOP Corp.
IHP, -1.12%
shares lost 8.1% after the company said 2006 earnings should range between $2.25 and $2.35 a share, with same-store sales up 2% to 4% and the addition of 64 to 69 restaurants. Excluding stock option expenses, the Glendale, Calif.-based pancake specialist sees earnings between $2.35 and $2.45 a share. Analysts polled by Thomson First Call are expecting earnings of $2.42 a share in 2006.

Ixys Corp.
SYXI
shares slumped 19.2% after the Santa Clara, Calif., chip maker posted fiscal third-quarter earnings of $4.4 million, or 12 cents a share, down from a year-ago equivalent profit of $4.7 million, or 14 cents a share. Revenue slipped in the latest three months to $60.3 million from $66.3 million in the same period a year earlier. The performance in the latest quarter was below the average estimate of analysts polled by Thomson First Call for a profit of 16 cents a share in the December period. Looking ahead, Ixys expressed caution, citing recent uncertainty experienced by other companies in its sector, and said it expects revenue for the March quarter to be flat on a sequential basis.

Nasdaq Stock Market Inc.
NDAQ, -0.20%
shares tumbled 10.3% after the company reported that its net income for the fourth quarter rose 131% from last year, while quarterly revenue increased to $259.5 million from $168.1 million. See full story.

Paccar Inc.
PCAR, -2.79%
shares gave back 6.5% after the company reported fourth-quarter net income of $312.9 million, or $1.83 a share, compared with $241.4 million, or $1.38 a share in the same period a year ago. Analysts polled by Thomson First Call forecast earnings, on average, of $1.85 a share. The maker of Kenworth and Peterbilt brand trucks said its market share of the largest trucks was 23.1% in the U.S. and Canada, with unit sales reaching 287,500, and forecast retail sales of 290,000-310,000 units in 2006. See full story.

Shares of RailAmerica Inc.
RRA
slumped 15.8% after the Boca Raton, Fla., railroad operator offered an outlook for fiscal 2006 below the current average estimate of analysts polled by Thomson First Call. The company sees earnings from continuing operations of 85 to 90 cents a share for the year on revenue of between $455 million and $465 million. Wall Street's consensus estimate is for a profit of $1.09 a share on revenue of $487.1 million in 2006. The news prompted downgrades from Morgan Keegan and Sidoti & Co.

RightNow Technologies Inc.
RNOW
stock dropped 15% after the Bozeman, Montana-based developer of customer relationship management technology gave a disappointing forecast for its fiscal first quarter. After Monday's closing bell, the company said it expects earnings before items of 1 to 3 cents a share in the March period on revenue of between $24 million and $25 million. The current average estimate of 11 analysts polled by Thomson First Call is for a profit of 4 cents a share in the quarter on revenue of $24.96 million.

Somanetics Corp.
SMTS, +3.65%
shares closed down 9.2% after the company filed with the Securities and Exchange Commission to offer 2.1 million common shares. The Troy, Mich., medical device company said it plans to sell 2 million shares, and an unnamed shareholder will sell 100,000 shares. Somanetics will grant underwriters an option to purchase up to 315,000 additional shares to cover over-allotments.

Spectrum Brands Inc.
SPC, -2.20%
shares lost 11.9% after the company said first-quarter profit declined to $2.3 million, or 5 cents a share, from $27.9 million, or 79 cents, a year ago. Excluding acquisitions and divestitures, earnings would have been 22 cents a share, which matched analysts' average estimate, according to Thomson First Call. Sales for the three months ended Jan. 1 advanced to $620 million from $490.8 million in last year's first quarter. For the second quarter, Atlanta-based Spectrum Brands, formerly Rayovac Corp., forecast adjusted earnings of 35 cents to 40 cents a share, short of analysts' view for 48 cents. Third-quarter earnings are seen at 85 to 90 cents a share versus analysts' estimate of 98 cents, and fiscal 2006 adjusted earnings are targeted at $2.10 to $2.20 a share against analysts' average estimate of $2.09 a share. See full story.

Shares of State Bancorp Inc.
STBC
dropped 16.9% after the company was hit with a $44 million judgment in its dispute with HSA Residential Mortgage Services of Texas Inc. The Jericho, N.Y.-based bank holding company for State Bank of Long Island said it plans to appeal the jury's decision. The company noted that, even with this award, it remains in excess of the requirements to be considered a well-capitalized institution by its primary regulators.

Therma-Wave Inc.
TWAV
shares plummeted 22.3% after the Fremont, Calif., maker of process control metrology systems for semiconductor manufacturing posted a third-quarter loss of $3.9 million, or 11 cents a share, on revenue of $15.4 million. The latest results included a restructuring charge of $800,000, or 2 cents a share. The company's outlook was for a loss of 3 to 8 cents a share, excluding the charge. The average estimate of two analysts polled by Thomson First Call was for a loss of 4 cents a share in the December period on revenue of $17.4 million. Also, looking ahead, Therma-Wave sees a loss before items of 5 to 10 cents a share for its fiscal fourth quarter on revenue of between $13 million and $16 million.

UnumProvident Corp.
UNM, -0.89%
shares slumped 15.4% after the company said fourth-quarter net income rose 2% to $137.5 million, or 43 cents a share. Income excluding net realized after tax investment gains and losses was $136 million, or 43 cents a share, vs. $117.7 million, or 39 cents a share, in the fourth quarter of 2004, the disability insurer reported. UnumProvident was expected to earn 45 cents a share, according to the average estimate of 14 analysts in a Thomson First Call poll. See full story.

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